Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets have been in the firm handle of bulls on Thursday, ending the month-to-month expiry session comfortably in the green. S&P BSE Sensex closed at 52,699 although the Nifty 50 index ended at 15,790. On Friday morning, SGX Nifty was up with marginal gains, hinting at a flat to positive get started to the day’s trading session. Overnight, equity indices on Wall Street closed with gains as NASDAQ, S&P 500 and Dow Jones zoomed greater. Asian peers have been mirroring the up-move with Hang Seng, KOSPI, KOSDAQ, all trading with gains.
The subscription window for India Pesticides’ initial public providing (IPO) will close today. So far the Rs 800 crore public problem has been subscribed 3.79 occasions by investors. Retail investors have subscribed to their quota 5.88 occasions although certified institutional purchasers (QIB) subscription is at 2.31 occasions the reserved portion. Non-institutional investors (NII) have bid for much less than one hundred% of the reserved portion. Investors can bid for the problem in a lot size of 50 equity shares, priced at Rs 290-296 apiece. “At the higher price band of Rs. 296, IPL is demanding a P/E multiple of 25.3x (to its FY21 earnings of Rs. 11.7 per share), which is at a premium to the peer average,” stated brokerage and analysis firm Choice Broking in an IPO note.